Progressive Reports March 2026 Results

Q: What did Progressive (PGR) report for net premiums written in March 2026?

Progressive reported March 2026 net premiums written of $9,911 million, a 10% increase year-over-year. According to the company, this increase supports higher earned premium volume for the month and contributed to quarterly growth trends.

Q: How much net income did Progressive (PGR) report for the quarter ended March 31, 2026?

Progressive reported quarter net income of $2,818 million, a 10% rise versus prior year. According to the company, higher premiums and underwriting performance supported quarterly profitability despite securities losses.

Q: What was Progressive's combined ratio for March and the quarter (2026)?

Progressive's March combined ratio was 88.8quarter combined ratio was 86.4</b%. According to the company, month-level underwriting trends improved while the quarter was roughly stable year-over-year.

Q: How did Progressive's policies in force change as of March 31, 2026?

Progressive reported total policies in force of 39,565 thousand, up 9% year-over-year as of March 31, 2026. According to the company, growth was led by both direct and agency auto lines during the period.

Q: What pretax net realized losses on securities did Progressive (PGR) record in March 2026?

Progressive recorded pretax net realized losses on securities of $218 million in March 2026. According to the company, these losses reduced pretax results for the month and partially offset underwriting gains.

Q: What was Progressive's reported EPS for March and the quarter in 2026?

Progressive reported March EPS of $1.21 (available to common shareholders), a 37% increase; quarter EPS was $4.80, up 10% year-over-year. According to the company, higher earnings were driven by premium growth and underwriting performance.

Progressive (NYSE:PGR) reported March and quarter results for the period ended March 31, 2026.

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Rhea-AI Sentiment

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Rhea-AI Summary

Progressive (NYSE:PGR) reported March and quarter results for the period ended March 31, 2026. Key month-over-month and year-over-year metrics include March net premiums written $9,911M (+10%), March net income $712M (+36%), and quarter net income $2,818M (+10%). Policies in force rose 9% YoY to 39,565 thousand. Combined ratio improved in March to 88.8 but was 86.4 for the quarter. The company recorded pretax net realized losses on securities of $218M in March and $120M for the quarter.

Positive

Net premiums written +10% (March)
Net income +36% (March)
EPS +37% (March)
Policies in force +9% YoY to 39,565 thousand
March combined ratio improved by 2.1 pts to 88.8

Negative

Pretax net realized losses $218M (March)
Quarter pretax losses $120M (quarter)
Quarter combined ratio worsened 0.4 pts to 86.4

Argus Apr 15 session

+2.36% close to close 1.6x rel. volume Open Argus

Details

News Market Reaction – PGR

On Apr 15, the day this news came out, PGR closed 2.36% above the previous close. That session’s volume was 1.6x the stock’s average daily volume.

Data tracked by StockTitan Argus for the Apr 15 session.

Key Figures

Net premiums written: $9,911M Net premiums earned: $7,519M Net income: $712M +5 more

Net premiums written: $9,911M; March 2026, +10% vs March 2025
Net premiums earned: $7,519M; March 2026, +11% vs March 2025
Net income: $712M; March 2026, +36% vs March 2025
EPS (diluted): $1.21; March 2026, +37% vs March 2025
Combined ratio: 88.8; March 2026 vs 90.9 in March 2025
Total Personal Lines policies: 38,369K; March 31, 2026, +9% vs March 31, 2025
Commercial Lines policies: 1,196K; March 31, 2026, +3% vs March 31, 2025
Total policies in force: 39,565K; March 31, 2026, +9% vs March 31, 2025

Historical Context

5 past events · Latest: Mar 23

5 events

Mar 23
Debt offering

24h Move

+0.5%

$1.5B senior notes issuance under an effective Form S-3 shelf.
Mar 18
Monthly results

24h Move

-1.3%

February 2026 results with premium growth and underwriting profitability.
Mar 09
Dividend declaration

24h Move

-1.8%

Quarterly common dividend of $0.10 per share announced.
Feb 24
Investor event

24h Move

+1.2%

Investor relations event focused on capital, investments, and Q&A.
Feb 18
Monthly results

24h Move

-2.2%

January 2026 results with premium, earnings and policy growth.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

net premiums written, net premiums earned, combined ratio, restricted stock units, +3 more

7 terms

net premiums written financial

"Net premiums written | $9,911 | | $9,041 | | 10"

Net premiums written is the total amount of insurance premium a company has agreed to collect from customers for new and renewed policies during a period, after subtracting premiums it passes on to other insurers (reinsurance) and cancellations. It matters to investors because it shows the insurer’s actual sales growth and risk retained—like a retailer’s sales after returns and wholesale transfers—so rising net premiums written can signal stronger future revenue and underwriting exposure.

net premiums earned financial

"Net premiums earned | $7,519 | | $6,787 | | 11"

The portion of insurance premiums that a company recognizes as revenue for a specific accounting period after subtracting any amounts paid to other insurers for reinsurance; it represents the cost of insurance coverage actually provided during that time. Think of a year‑long subscription where only the months used are counted as income. Investors watch net premiums earned to gauge an insurer’s revenue growth and underwriting performance, separate from one‑time sales or changes in policy counts.

combined ratio financial

"Combined ratio | | 88.8 | | 90.9 | | (2.1"

The combined ratio is a way insurance companies measure how well they are doing by adding up all their costs and claims and comparing them to the money they earn from premiums. If the ratio is below 100%, it means the company is making a profit; if it's above 100%, they are losing money. It helps see if an insurance company is financially healthy or not.

restricted stock units financial

"he received 1,481 RSUs, each representing one common share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

phantom stock units financial

"she acquired 11.3892 Phantom Stock Units, each corresponding on a 1-for-1 basis"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

deferred compensation plan financial

"into the deferred compensation plan, rather than an open-market sale"

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

dividend equivalents financial

"acquired through the reinvestment of dividend equivalents and will be settled in cash"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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04/15/2026 - 08:24 AM EDT

MAYFIELD VILLAGE, OHIO, April 15, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended March 31, 2026:

	March									Quarter
(millions, except per share amounts and ratios; unaudited)	2026			2025			Change			2026			2025			Change
Net premiums written	$	9,911		$	9,041		10		%	$	23,641		$	22,206		6		%
Net premiums earned	$	7,519		$	6,787		11		%	$	20,968		$	19,409		8		%
Net income	$	712		$	522		36		%	$	2,818		$	2,567		10		%
Per share available to common shareholders	$	1.21		$	0.89		37		%	$	4.80		$	4.37		10		%
Total pretax net realized gains (losses) on securities	$	(218	)	$	(211	)	3		%	$	(120	)	$	(212	)	(43	)	%
Combined ratio		88.8			90.9		(2.1	)	pts.		86.4			86.0		0.4		pts.
Average diluted equivalent common shares		586.2			587.7		0		%		586.9			587.7		0		%

	March 31,
(thousands; unaudited)	2026	2025	% Change
Policies in Force
Personal Lines
Agency – auto	11,056	10,146	9
Direct – auto	16,572	14,771	12
Special lines	7,101	6,637	7
Property	3,640	3,576	2
Total Personal Lines	38,369	35,130	9
Commercial Lines	1,196	1,162	3
Total	39,565	36,292	9

See Progressive’s complete monthly earnings release, including the "Monthly Commentary," for additional information.

About Progressive

Progressive Insurance^® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price^®, Snapshot^®, and HomeQuote Explorer^®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

Company Contact:
Douglas S. Constantine
(440) 395-3707
investor_relations@progressive.com

The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com

Download PDF: Progressive March 2026 Complete Earnings Release

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Progressive (PGR) report for net premiums written in March 2026?

Progressive reported March 2026 net premiums written of $9,911 million, a 10% increase year-over-year. According to the company, this increase supports higher earned premium volume for the month and contributed to quarterly growth trends.

How much net income did Progressive (PGR) report for the quarter ended March 31, 2026?

Progressive reported quarter net income of $2,818 million, a 10% rise versus prior year. According to the company, higher premiums and underwriting performance supported quarterly profitability despite securities losses.

What was Progressive's combined ratio for March and the quarter (2026)?

Progressive's March combined ratio was 88.8quarter combined ratio was 86.4

How did Progressive's policies in force change as of March 31, 2026?

Progressive reported total policies in force of 39,565 thousand, up 9% year-over-year as of March 31, 2026. According to the company, growth was led by both direct and agency auto lines during the period.

What pretax net realized losses on securities did Progressive (PGR) record in March 2026?

Progressive recorded pretax net realized losses on securities of $218 million in March 2026. According to the company, these losses reduced pretax results for the month and partially offset underwriting gains.

What was Progressive's reported EPS for March and the quarter in 2026?

Progressive reported March EPS of $1.21 (available to common shareholders), a 37% increase; quarter EPS was $4.80, up 10% year-over-year. According to the company, higher earnings were driven by premium growth and underwriting performance.

Progressive Reports March 2026 Results